Summary

The sorbitol market in India reached a volume of 165 Kilotons in 2020. Looking forward, IMARC Group expects the market to exhibit stable growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.

Sorbitol, also known as glucitol, is a sugar alcohol which is found in several fresh fruits and berries. It can also be produced industrially by the hydrogenation of glucose. It is lower in calories than sucrose; has exceptional stabilising and texturizing properties; and does not contribute to tooth decay. Owing to these properties, it is extensively used in a wide variety of food products, including sugar-free candies, chewing gums, and foods such as frozen desserts and baked goods. Apart from this, it also finds applications in the pharmaceutical and cosmetic industries.

In the pharmaceutical sector, sorbitol is used as a preliminary material for ascorbic acid tablets, and in cough syrups for its sweetening properties. It is also used as a laxative since it helps in stimulating bowel movements. Some of its other applications are in the toothpaste, food and confectioneries, and industrial surfactant sectors. Diverse applications of sorbitol represent one of the primary factors that has added to its overall demand. Increase in the cases of diabetes in India remains another force catalysing the market growth. Other growth inducing factors are rising population, elevating incomes and increasing health consciousness in the country.

The report has segmented the Indian sorbitol market on the basis of type, covering crystal sorbitol and liquid sorbitol. Currently, liquid sorbitol accounts for the majority of the consumption in the region. The report has also analysed the market on the basis of states and found that Madhya Pradesh represents the largest producer of sorbitol in India. The report has further analysed the competitive landscape of the market, providing the profiles of the key players.

This report provides a deep insight into the Indian sorbitol market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a sorbitol manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian sorbitol industry in any manner.

What we have achieved in this report:

Comprehensive situation analysis of the Indian sorbitol market and its dynamics

Focus of the analysis:

Historical, current and future trends in production capacity
Historical, current and future trends in production
Historical, current and future trends in demand
Historical, current and future trends in prices
Impact of COVID-19
Demand by application sector
Production by region
Consumption by region
Production by type of feedstock (corn, wheat, cassava, etc.)
Key players and their production capacities
Sorbitol substitutes


Evaluation of various sorbitol feedstocks and their manufacturing process

Focus of the analysis:

Characteristics of various feedstocks used in sorbitol production
Yield of sorbitol and byproducts from various feedstocks
Manufacturing process of sorbitol
Interchanging feedstocks


Evaluation of major sorbitol manufacturers

Manufacturers covered: Kasyap Sweeteners, Gulshan Polyols, Gayatri Bio-organics and Sukhjit Starch and Chemicals

Focus of the analysis:

Company description
Sorbitol production capacity
Plant locations

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Indian Sorbitol Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Production Capacity
5.2.2 Production
5.2.3 Consumption
5.2.4 Global Trade Data
5.2.5 India Trade Data
5.2.6 Price Analysis
5.2.6.1 Key Price Indicators
5.2.6.2 Price Structure
5.2.6.3 Price Trends
5.3 Impact of COVID-19
5.4 Market Breakup by State
5.4.1 Production Breakup by State
5.4.2 Consumption Breakup by State
5.5 Market Breakup by Application
5.5.1 Pharmaceuticals
5.5.1.1 Market Trends
5.5.1.2 Market Forecast
5.5.2 Cosmetics and Toiletries
5.5.2.1 Market Trends
5.5.2.2 Market Forecast
5.5.3 Toothpaste
5.5.3.1 Market Trends
5.5.3.2 Market Forecast
5.5.4 Food and Confectioneries
5.5.4.1 Market Trends
5.5.4.2 Market Forecast
5.5.5 Industrial Surfactants
5.5.5.1 Market Trends
5.5.5.2 Market Forecast
5.5.6 Others
5.5.6.1 Market Trends
5.5.6.2 Market Forecast
5.6 Market Breakup by Feedstock
5.6.1 Corn
5.6.1.1 Market Trends
5.6.1.2 Market Forecast
5.6.2 Others
5.6.2.1 Market Trends
5.6.2.2 Market Forecast
5.7 Market Breakup by Type
5.7.1 Liquid Sorbitol
5.7.1.1 Market Trends
5.7.1.2 Market Forecast
5.7.2 Crystal Sorbitol
5.7.2.1 Market Trends
5.7.2.2 Market Forecast
5.8 Market Breakup by Distribution Channel
5.8.1 Distributors
5.8.1.1 Market Trends
5.8.1.2 Market Forecast
5.8.2 Manufacturers
5.8.2.1 Market Trends
5.8.2.2 Market Forecast
5.9 Sorbitol Substitutes
5.10 Market Forecast
5.10.1 Production Capacity
5.10.2 Production
5.10.3 Consumption
5.10.4 Price Trends
5.11 Tax Structure for Sorbitol Industry in India
6 Indian Sorbitol Market: Value Chain
7 Indian Sorbitol Market: Margin Analysis
7.1 Farmers Margins
7.2 Collectors Margins
7.3 Starch Manufacturer Margins
7.4 Sorbitol Manufacturer Margins
7.5 Distributor Margins
7.6 Exporters Margins
8 Indian Sorbitol Market: SWOT Analysis
8.1 Overview
8.2 Strengths
8.3 Weaknesses
8.4 Opportunities
8.5 Threats
9 Indian Sorbitol Market: Porter’s Five Forces Analysis
9.1 Overview
9.2 Bargaining Power of Buyers
9.3 Bargaining Power of Suppliers
9.4 Degree of Rivalry
9.5 Threat of New Entrants
9.6 Threat of Substitutes
10 Competitive Landscape
10.1 Competitive Structure
10.2 Market Breakup by Key Players
11 Indian Native Starch Industry
11.1 Market Overview
11.2 Market Performance
11.2.1 Production Capacity
11.2.2 Production
11.2.3 Consumption
11.2.4 Imports/Exports
11.2.5 Price Trends
11.3 Market by Region
11.4 Market by Application
11.5 Market by Feedstock
11.6 Market Share of Key Players
11.7 Market Forecast
11.7.1 Production Capacity
11.7.2 Production
11.7.3 Consumption
11.7.4 Price Trends
11.8 Tax Structure for Starch Industry in India
12 Indian Sorbitol Market: Feedstock and Manufacturing Analysis
12.1 Corn
12.1.1 Production Trends
12.1.2 Sorbitol Manufacturing from Corn
12.1.2.1 Manufacturing Process
12.1.2.2 Process Flow
12.1.2.3 Mass Balance and Feedstock Requirements
12.1.2.4 Land and Construction Requirements
12.1.2.5 Machinery Requirements
12.1.2.6 Machinery Suppliers
12.1.2.7 Utility Requirements
12.1.2.8 Manpower Requirements
12.1.2.9 Capital Costs
12.1.2.10 Raw Material Costs
12.1.2.11 Final Product and By-Product Prices
12.1.2.12 Total Cost per Ton
12.2 Wheat
12.2.1 Production Trends
12.2.2 Sorbitol Manufacturing from Wheat
12.2.2.1 Manufacturing Process
12.2.2.2 Process Flow
12.2.2.3 Mass Balance and Feedstock Requirements
12.2.2.4 Land and Construction Requirements
12.2.2.5 Machinery Requirements
12.2.2.6 Machinery Suppliers
12.2.2.7 Utility Requirements
12.2.2.8 Manpower Requirements
12.2.2.9 Capital Costs
12.2.2.10 Raw Material Costs
12.2.2.11 Final Product and By-Product Prices
12.2.2.12 Total Cost per Ton
12.3 Cassava
12.3.1 Production Trends
12.3.2 Sorbitol Manufacturing from Cassava
12.3.2.1 Manufacturing Process
12.3.2.2 Process Flow
12.3.2.3 Mass Balance and Feedstock Requirements
12.3.2.4 Land and Construction Requirements
12.3.2.5 Machinery Requirements
12.3.2.6 Machinery Suppliers
12.3.2.7 Utility Requirements
12.3.2.8 Manpower Requirements
12.3.2.9 Capital Costs
12.3.2.10 Raw Material Costs
12.3.2.11 Final Product and By-Product Prices
12.3.2.12 Total Cost per Ton
12.4 Corn Starch
12.4.1 Sorbitol Manufacturing from Corn Starch
12.4.1.1 Manufacturing Process
12.4.1.2 Process Flow
12.4.1.3 Mass Balance and Feedstock Requirements
12.4.1.4 Specifications of Corn Starch and Sorbitol
12.4.1.5 Land and Construction Requirements
12.4.1.6 Machinery Requirements
12.4.1.7 Machinery Suppliers
12.4.1.8 Major Distributors
12.4.1.9 Utility Requirements
12.4.1.10 Manpower Requirements
12.4.1.11 Capital Costs
12.4.1.12 Raw Material Costs
12.4.1.13 Final Product Prices
12.4.1.14 Total Cost per Ton
13 Key Player Profiles
13.1 Kasyap Sweetners
13.2 Gulshan Polyols
13.3 Gayatri Bio-organics
13.4 Sukhjit Starch & Chemicals Ltd.
13.5 Gujarat Ambuja Exports Limited

List of Figures

Figure 1: India: Sorbitol Market: Major Drivers and Challenges
Figure 2: India: Sorbitol Market: Production Capacity (in '000 Metric Tons), 2015-2020
Figure 3: India: Sorbitol Market: Production Volume (in '000 Metric Tons), 2015-2020
Figure 4: India: Sorbitol Market: Consumption Volume (in '000 Metric Tons), 2015-2020
Figure 5: Global: Sorbitol Market: Breakup by Export Value (in %)
Figure 6: Global: Sorbitol Market: Breakup by Import Value (in %)
Figure 7: India: Sorbitol Market: Breakup by Export Value (in %)
Figure 8: India: Sorbitol Market: Breakup by Import Values (in %)
Figure 9: India: Sorbitol Market: FOB Prices (in US$/Ton), 2015-2020
Figure 10: India: Sorbitol Market: Average Prices (in US$/Ton), 2015-2020
Figure 11: Sorbitol Market: Price Structure (US$/Ton)
Figure 12: India: Sorbitol Market: Production Breakup by Region (in %), 2020
Figure 13: India: Sorbitol Market: Consumption Breakup by Region (in %), 2020
Figure 14: India: Sorbitol Market: Breakup by Application (in %), 2020
Figure 15: India: Sorbitol Market: Breakup by Feedstock (in %), 2020
Figure 16: India: Sorbitol Market: Breakup by Type (in %), 2020
Figure 17: India: Sorbitol Market: Breakup by Distribution Channel (in %), 2020
Figure 18: India: Sorbitol Market Forecast: Production Capacity (in '000 Metric Tons), 2021-2026
Figure 19: India: Sorbitol Market Forecast: Production Volume (in '000 Metric Tons), 2021-2026
Figure 20: India: Sorbitol Market Forecast: Consumption Volume (in '000 Metric Tons), 2021-2026
Figure 21: India: Sorbitol Market: Average Prices (in US$/Ton), 2021-2026
Figure 22: India: Sorbitol (Pharmaceuticals) Market: Consumption Volume (in '000 Metric Tons), 2015 & 2020
Figure 23: India: Sorbitol (Pharmaceuticals) Market Forecast: Consumption Volume (in '000 Metric Tons), 2021-2026
Figure 24: India: Sorbitol (Cosmetics and Toiletries) Market: Consumption Volume (in '000 Metric Tons), 2015 & 2020
Figure 25: India: Sorbitol (Cosmetics and Toiletries) Market Forecast: Consumption Volume (in '000 Metric Tons), 2021-2026
Figure 26: India: Sorbitol (Toothpaste) Market: Consumption Volume (in '000 Metric Tons), 2015 & 2020
Figure 27: India: Sorbitol (Toothpaste) Market Forecast: Consumption Volume (in '000 Metric Tons), 2021-2026
Figure 28: India: Sorbitol (Food and Confectioneries) Market: Consumption Volume (in '000 Metric Tons), 2015 & 2020
Figure 29: India: Sorbitol (Food and Confectioneries) Market Forecast: Consumption Volume (in '000 Metric Tons), 2021-2026
Figure 30: India: Sorbitol (Industrial Surfactants) Market: Consumption Volume (in '000 Metric Tons), 2015 & 2020
Figure 31: India: Sorbitol (Industrial Surfactants) Market Forecast: Consumption Volume (in '000 Metric Tons), 2021-2026
Figure 32: India: Sorbitol (Other Applications) Market: Consumption Volume (in '000 Metric Tons), 2015 & 2020
Figure 33: India: Sorbitol (Other Applications) Market Forecast: Consumption Volume (in '000 Metric Tons), 2021-2026
Figure 34: India: Sorbitol (Corn) Market: Consumption Volume (in '000 Metric Tons), 2015 & 2020
Figure 35: India: Sorbitol (Corn) Market Forecast: Consumption Volume (in '000 Metric Tons), 2021-2026
Figure 36: India: Sorbitol (Other Feedstocks) Market: Consumption Volume (in '000 Metric Tons), 2015 & 2020
Figure 37: India: Sorbitol (Other Feedstocks) Market Forecast: Consumption Volume (in '000 Metric Tons), 2021-2026
Figure 38: India: Liquid Sorbitol Market: Consumption Volume (in '000 Metric Tons), 2015 & 2020
Figure 39: India: Liquid Sorbitol Market Forecast: Consumption Volume (in '000 Metric Tons), 2021-2026
Figure 40: India: Crystal Sorbitol Market: Consumption Volume (in '000 Metric Tons), 2015 & 2020
Figure 41: India: Crystal Sorbitol Market Forecast: Consumption Volume (in '000 Metric Tons), 2021-2026
Figure 42: India: Sorbitol Market: Sales through Distributors (in '000 Metric Tons), 2015 & 2020
Figure 43: India: Sorbitol Market Forecast: Sales through Distributors (in '000 Metric Tons), 2021-2026
Figure 44: India: Sorbitol Market: Sales through Manufacturers (in '000 Metric Tons), 2015 & 2020
Figure 45: India: Sorbitol Market Forecast: Sales through Manufacturers (in '000 Metric Tons), 2021-2026
Figure 46: India: Sorbitol Industry: Value Chain Analysis
Figure 47: India: Sorbitol Industry: Margins Across Various Levels of Supply Chain
Figure 48: Indian Sorbitol Industry: SWOT Analysis
Figure 49: India: Sorbitol Industry: Porter’s Five Forces Analysis
Figure 50: India: Sorbitol Market: Breakup by Key Players (in %), 2020
Figure 51: India: Native Starch Market: Production Capacity (in 000’ Tons), 2015-2020
Figure 52: India: Native Starch Market: Production Volume (in 000’ Tons), 2015-2020
Figure 53: India: Native Starch Market: Consumption Volume (in 000’ Tons), 2015-2020
Figure 54: India: Native Starch Market: Breakup by Export Value
Figure 55: India: Native Starch Market: Breakup by Import Value
Figure 56: India: Native Starch Market: Average Prices (in US$/Ton), 2015-2020
Figure 57: India: Native Starch Market: Breakup by Region (in %), 2020
Figure 58: India: Native Starch Market: Breakup by Applications (in %), 2020
Figure 59: India: Native Starch Market: Breakup by Feedstock (in %), 2020
Figure 60: India: Native Starch Market: Breakup by Key Players (in %), 2020
Figure 61: India: Native Starch Market: Production Capacity (in 000’ Tons), 2021-2026
Figure 62: India: Native Starch Market: Production Volume (in 000’ Tons), 2021-2026
Figure 63: India: Starch Market: Consumption Volume (in 000’ Tons), 2021-2026
Figure 64: India: Starch Market: Price Trends (in US$/Ton), 2021-2026
Figure 65: India: Sorbitol Market: Production of Corn (in ‘000 Metric Tons), 2015-2020
Figure 66: Sorbitol Manufacturing Process from Corn
Figure 67: Production of Starch Slurry Using Corn
Figure 68: Production of Glucose Syrup from Corn Starch Slurry
Figure 69: Conversion of Glucose Syrup to Sorbitol
Figure 70: Sorbitol Production from Corn: Conversion Rate of Feedstock
Figure 71: India: Sorbitol Market: Production of Wheat (in ‘000 Metric Tons), 2015-2020
Figure 72: Sorbitol Manufacturing Process from Wheat
Figure 73: Production of Starch Slurry Using Wheat
Figure 74: Production of Glucose Syrup from Starch Slurry
Figure 75: Conversion of Glucose Syrup to Sorbitol
Figure 76: Sorbitol Production from Wheat: Conversion Rate of Feedstock
Figure 77: India: Sorbitol Market: Production of Cassava (in ‘000 Metric Tons), 2015-2020
Figure 78: Sorbitol Manufacturing Process from Cassava
Figure 79: Production of Starch Slurry Using Cassava
Figure 80: Production of Glucose Syrup from Starch Slurry
Figure 81: Conversion of Glucose Syrup to Sorbitol
Figure 82: Sorbitol Production from Cassava: Conversion Rates of Feedstock
Figure 83: Sorbitol Manufacturing Process from Corn Starch
Figure 84: Production of Glucose Syrup from Corn Starch Slurry
Figure 85: Conversion of Glucose Syrup to Sorbitol
Figure 86: Sorbitol Production from Corn Starch: Conversion Rates of Feedstock
Figure 87: Kasyap Sweeteners: Revenue (in Million US$)
Figure 88: Gulshan Polyols: Revenue (in Million US$)
Figure 89: Gayatri BioOrganics: Revenue (in Million US$)
Figure 90: Sukhjit Starch and Chemicals: Revenue (in Million US$)

List of Tables

Table 1: Indian Sorbitol Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Sorbitol Market: Export Data by Country
Table 3: Global: Sorbitol Market: Import Data by Country
Table 4: India: Sorbitol Market: Export Data by Country
Table 5: India: Sorbitol Market: Import Data by Country
Table 6: India: Sorbitol Market: Major Consumers of Sorbitol
Table 7: Characteristics of Various Polyols
Table 8: Sorbitol Industry: Tax Structure of Sorbitol (Within State)
Table 9: Sorbitol Industry: Tax Structure of Sorbitol (Outside State)
Table 10: Sorbitol Industry: Tax Structure of Sorbitol (With GST)
Table 11: India: Native Starch Market: Key Industry Highlights, 2020 and 2026
Table 12: India: Native Starch Market: Export Data by Country
Table 13: India: Native Starch Market: Import Data by Country
Table 14: Starch Industry: Tax Structure of Starch (Within State)
Table 15: Starch Industry: Tax Structure of Starch (Outside State)
Table 16: Starch Industry: Tax Structure of Starch (With GST)
Table 17: Sorbitol Manufacturing (from Corn) Plant: Costs Related to Land and Site Development (in US$)
Table 18: Sorbitol Manufacturing (from Corn) Plant: Costs Related to Civil Works (in US$)
Table 19: Sorbitol Manufacturing (from Corn) Plant: Machinery Costs (in US$)
Table 20: Sorbitol Manufacturing (from Corn) Plant: Machinery Suppliers
Table 21: Sorbitol Manufacturing (from Corn) Plant: Costs Related to Utilities (in US$)
Table 22: Sorbitol Manufacturing (from Corn) Plant: Costs Related to Salaries and Wages (in US$)
Table 23: Sorbitol Manufacturing (from Wheat) Plant: Capital Costs (Including Land & Site Development Cost- in US$)
Table 24: Sorbitol Manufacturing (from Wheat) Plant: Capital Costs (Excluding Land & Site Development Cost- in US$)
Table 25: Sorbitol Manufacturing (from Wheat) Plant: Raw Material Requirements (in US$)
Table 26: Sorbitol Manufacturing (from Wheat) Plant: Final Product Price (in US$)
Table 27: Sorbitol Manufacturing (from Wheat) Plant: Co-Product Prices (in US$)
Table 28: Sorbitol Manufacturing (from Wheat) Plant: Production Cost per Ton (in US$)
Table 29: Sorbitol Manufacturing (from Cassava) Plant: Costs Related to Land and Site Development (in US$)
Table 30: Sorbitol Manufacturing (from Cassava) Plant: Costs Related to Civil Works (in US$)
Table 31: Sorbitol Manufacturing (from Cassava) Plant: Machinery Costs (in US$)
Table 32: Sorbitol Manufacturing (from Cassava) Plant: Machinery Suppliers
Table 33: Sorbitol Manufacturing (from Cassava) Plant: Costs Related to Utilities (in US$)
Table 34: Sorbitol Manufacturing (from Cassava) Plant: Costs Related to Salaries and Wages (in US$)
Table 35: Sorbitol Manufacturing (from Corn Starch) Plant: Capital Costs (Including Land & Site Cost- in US$)
Table 36: Sorbitol Manufacturing (from Corn Starch) Plant: Capital Costs (Excluding Land & Site Cost- n US$)
Table 37: Sorbitol Manufacturing (from Corn Starch) Plant: Raw Material Requirements (in US$)
Table 38: Sorbitol Manufacturing (from Corn Starch) Plant: Final Product Price (in US$)
Table 39: Sorbitol Manufacturing (from Corn Starch) Plant: Co-Product Prices (in US$)
Table 40: Sorbitol Manufacturing (from Corn Starch) Plant: Production Cost per Ton (in US$)
Table 41: Specifications of Corn Starch
Table 42: Specifications of Sorbitol
Table 43: Kasyap Sweeteners: Plant Location and Capacity
Table 44: Kasyap Sweeteners: Plant Location and Capacity
Table 45: Gayatri BioOrganics: Plant Location and Capacity
Table 46: Sukhjeet Starch and Chemicals: Plant Location and Capacity